DXNLX vs. QLD
Compare and contrast key facts about Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) and ProShares Ultra QQQ (QLD).
DXNLX is managed by Direxion. It was launched on Mar 31, 2016. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXNLX or QLD.
Key characteristics
| DXNLX | QLD | |
|---|---|---|
| YTD Return | 29.70% | 45.65% |
| 1Y Return | 45.37% | 74.26% |
| 3Y Return (Ann) | 5.85% | 7.48% |
| 5Y Return (Ann) | 19.89% | 32.57% |
| Sharpe Ratio | 2.07 | 2.13 |
| Sortino Ratio | 2.68 | 2.61 |
| Omega Ratio | 1.36 | 1.35 |
| Calmar Ratio | 2.20 | 2.34 |
| Martin Ratio | 9.41 | 9.30 |
| Ulcer Index | 4.84% | 8.02% |
| Daily Std Dev | 22.02% | 34.98% |
| Max Drawdown | -47.71% | -83.13% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between DXNLX and QLD is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DXNLX vs. QLD - Performance Comparison
In the year-to-date period, DXNLX achieves a 29.70% return, which is significantly lower than QLD's 45.65% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DXNLX vs. QLD - Expense Ratio Comparison
DXNLX has a 1.19% expense ratio, which is higher than QLD's 0.95% expense ratio.
Risk-Adjusted Performance
DXNLX vs. QLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) and ProShares Ultra QQQ (QLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
DXNLX vs. QLD - Dividend Comparison
DXNLX's dividend yield for the trailing twelve months is around 0.16%, less than QLD's 0.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 0.16% | 0.00% | 0.00% | 0.00% | 4.35% | 63.94% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.26% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% | 0.13% |
Drawdowns
DXNLX vs. QLD - Drawdown Comparison
The maximum DXNLX drawdown since its inception was -47.71%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for DXNLX and QLD. For additional features, visit the drawdowns tool.
Volatility
DXNLX vs. QLD - Volatility Comparison
The current volatility for Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) is 6.44%, while ProShares Ultra QQQ (QLD) has a volatility of 10.35%. This indicates that DXNLX experiences smaller price fluctuations and is considered to be less risky than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.